Tracking mergers and acquisitions (M&A) in any emerging business ecosystem is always interesting. It allows you to see the madness of early-stage growth markets and the many ups and downs that are experienced before reaching market maturity. The cannabis industry has definitely experienced significant fluctuations in terms of M&A activity, as should be expected in an emerging industry.
June 6, 2023
The illegal cannabis market continues to thrive – even in states that have legalized adult-use cannabis. As more states work to roll out new cannabis programs this year and others are expected to approve adult-use cannabis, it’s essential to consider what’s happening in the illicit markets within states that have operational adult-use cannabis programs.
May 31, 2023
For businesses in the cannabis industry, the data topic is about more than just using data. It’s about being a data-driven company – one that will actually gain a competitive advantage and win in your market in the future.
May 30, 2023
The CannaVest East Institutional Capital Forum will be held at CWCBExpo on June 1-2, 2023 at the Jacob Javits Convention Center in New York City. CannaVest East is expected to draw hundreds of cannabis industry professionals for two days of education, networking, advocacy, and opportunities.
May 24, 2023
In any industry, if you don’t know what your competitors are doing, your business will operate at a significant disadvantage. The cannabis industry is no different. You must fully understand the competitive landscape at all times so your business thrives rather than simply survives.
May 16, 2023
Whether you’re a cannabis license holder, ancillary business, or aspiring cannabis industry entrepreneur, attending networking events, conferences, and business meetings is critical to your success.
May 12, 2023
As we inch ever so slowly to banking reform, interstate commerce, and federal legalization of cannabis, it’s a perfect time to take a look at the history of cannabis and how far the legal industry has come. In 2023, the legal cannabis industry has grown to generate billions of dollars in annual sales, and it has created hundreds of thousands of jobs across the United States.
May 10, 2023
Artificial intelligence (AI) has gone mainstream with the explosive growth of ChatGPT, and this is just the beginning. AI is officially here to stay and will continue to evolve. That’s great news for business operations in all industries, including cannabis, because artificial intelligence enables companies to streamline operations, reduce costs, and seize opportunities.
May 2, 2023
In April 2023, only 10 states in the United States do not have a regulated program for legalized medical and/or recreational cannabis use and sales. The industry has come a long way in the past six years when Cannabiz Media published the Marijuana Licensing Reference Guide 2017 Edition.
April 21, 2023
Artificial intelligence, predictive analytics, and machine learning are changing the cannabis industry and impacting cannabis sales.
March 10, 2023
Wells Fargo Equity Research has released the Cannabis Cultivator Survey Edition 2 report based on data collected with Cannabiz Media in Fall 2022 through one of the most comprehensive outreach programs to cannabis cultivators. The second edition of the survey report includes new and updated data from cannabis cultivators in seven key states as well as comparisons to data reported in the Cannabis Cultivator Survey Edition 1 that was collected during Spring 2022.
February 7, 2023
Across the United States and the world, cannabis markets are operating at very different stages of the market lifecycle – from new to mature, but all businesses operating in and with this industry can benefit from product innovation. A year ago, I write an article about cannabis product innovation in 2022, and now, it’s time to take a look at cannabis product innovation in 2023.
January 31, 2023
If you want to get a cannabis license or money to fund a business working in or with the cannabis industry, then you need a business plan. But not just any plan will do. You need an amazing business plan to stand out in the cannabis industry.
January 12, 2023
What’s coming for the cannabis industry in 2023? As always, change will be common throughout the next 12 months. Sales are still holding on but businesses are struggling. Change is needed – and soon! Let’s take a look at six ways the cannabis industry could change in 2023 – for the better and worse.
January 10, 2023
Looking back at the cannabis industry in 2022, one might think there isn’t a lot to be excited about for 2023. The industry is struggling, so it’s time to dig in your heels and get ready to work hard in the coming months. Making cannabis business resolutions for 2023 is a great way to put your business on a path forward. Here are five resolutions to help you get started.
January 3, 2023
The number of American jobs supported by the legal cannabis industry in 2022 is 428,059 according to Whitney Economics and Leafly’s Jobs Report 2022. That’s a 249% increase in just five years when the industry supported 122,800 jobs in 2017.
December 30, 2022
We can all agree that 2022 was a challenging year for the cannabis industry, and a possible recession, falling cannabis prices, oversupply, and other problems will continue in the coming months. However, this is a resilient industry that’s not going away anytime soon. With that said, let’s take a look at what we’re likely to see happen in the cannabis industry during 2023, so everyone working in and with the industry can prepare and weather the storm.
December 20, 2022
Cannabis industry conversations and news stories throughout 2022 focused on several key topics, including mergers and acquisitions, legalization, banking, and the 2022 election. Many of these topics aren’t new. They represent issues the legal cannabis industry has struggled with for years. However, 2022 was a year when we finally saw some positive movement in critical ways.
December 13, 2022
The national midterm election is coming up in just a few weeks with a variety of major races on the map. Control of Congress, nearly every state legislature, and numerous governor’s offices are on the ballot above a variety of other hotly contested races. Voters in some states will see ballot questions — an opportunity to decide the fate of proposed initiatives or constitutional amendments, five of which nationwide, could have impacts on the cannabis industry. This week’s blog will review five proposals on the ballot and their implications for the industry and licensing.
October 25, 2022
Both plant-touching and ancillary cannabis businesses are now able to lure highly experienced professionals from other industries to cannabis.
October 18, 2022
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